StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

TBNK has been the topic of several other research reports. Keefe, Bruyette & Woods reduced their price target on shares of Territorial Bancorp from $10.00 to $9.66 and set a market perform rating on the stock in a research report on Tuesday, May 14th. Piper Sandler upgraded Territorial Bancorp from an underweight rating to a neutral rating and upped their price objective for the company from $8.00 to $8.50 in a research note on Tuesday, May 7th.

Territorial Bancorp Stock Performance

Territorial Bancorp stock opened at $9.95 on Tuesday. Territorial Bancorp has a 52 week low of $6.85 and a 52 week high of $14.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock has a market cap of $87.86 million, a P/E ratio of 39.80 and a beta of 0.61. The stock has a 50 day moving average of $8.24 and a 200-day moving average of $8.64.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $9.35 million during the quarter, compared to analyst estimates of $9.86 million. Territorial Bancorp had a net margin of 3.06% and a return on equity of 0.89%. On average, analysts expect that Territorial Bancorp will post -0.15 EPS for the current fiscal year.

Territorial Bancorp Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 28th were issued a $0.01 dividend. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 27th. Territorial Bancorp’s dividend payout ratio (DPR) is presently 16.00%.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors have recently modified their holdings of TBNK. International Assets Investment Management LLC lifted its holdings in Territorial Bancorp by 1,015.0% in the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 33,495 shares during the last quarter. White Pine Capital LLC raised its position in shares of Territorial Bancorp by 61.1% during the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 19,245 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 2,801 shares during the last quarter. Institutional investors own 50.35% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.